If you want to stretch your retirement savings as far as possible, don’t focus solely on the cheapest places to retire. Pay attention to taxes in the places you’re considering, too, because they can take a big bite out of your retirement income.

50. Nebraska

Income tax: 5.01%Property tax: 1.6%State sales tax: 6.89%State tax on Social Security: Taxpayer can subtract SS income included in federal adjusted gross income if AGI is less than or equal to $58,000 for married couples filing jointly or $43,000 for other filers.

The sales and income tax rates are higher in Nebraska than in more than half of the states. It has the eighth-highest property tax rate. And higher-income taxpayers have to pay state taxes on Social Security income.

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49. Minnesota

Income tax: 7.05%Property tax: 1.09%State sales tax: 7.3%State tax on Social Security: Taxed to the extent they are taxed at the federal level

Minnesota is one of the 13 states that tax Social Security benefits. It’s also one of the least tax-friendly states for retirees because it has the fifth-highest income tax rate in the U.S. And, Minnesota’s sales and property tax rates are higher than in more than half of the other states.

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48. Connecticut

Income tax: 5%Property tax: 1.66%State sales tax: 6.35%State tax on Social Security: Exempt for individual taxpayers with federal AGI less than $50,000 and married taxpayers filing jointly with federal AGI less than $60,000

Connecticut has the sixth-highest property tax rate in our rankings. On top of a relatively high income tax rate, retirees also might have to pay taxes on Social Security benefits if they’re single and have an AGI higher than $50,000 or married and filing jointly with an AGI above $60,000.

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47. Kansas

Income tax: 4.9%Property tax: 1.26%State sales tax: 8.62%State tax on Social Security: Exempt from Kansas income tax for residents with federal AGI of $75,000 or less

The property tax rate in Kansas also is higher than in a majority of states, which can leave retirees who are homeowners with less money to cover other expenses.

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46. Missouri

Income tax: 6%Property tax: 0.96%State sales tax: 7.89%State tax on Social Security: Not taxed for single taxpayers with AGI less than $85,000 and married couples with AGI less than $100,000

The tax hit in Missouri is high on all fronts. Its sales tax is the 13th highest in our rankings, and its income tax is the 12th highest. Property taxes are higher in Missouri than in more than half of the states. Even Social Security is taxed if you’re a high-income taxpayer.

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45. Vermont

Income tax: 3.55%Property tax: 1.76%State sales tax: 6.18%State tax on Social Security: Taxed to the extent they are taxed at the federal level

Retirees who are homeowners in Vermont are hit with the fourth-highest property tax rate in the nation. The state’s 3.55 percent income tax rate ranks in the bottom half of the nation. But Social Security benefits don’t escape taxes in Vermont.

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44. Rhode Island

Income tax: 3.75%Property tax: 1.51%State sales tax: 7%State tax on Social Security: No tax for single filers with up to $80,000 in AGI and married filers with up to $100,000 in AGI

Rhode Island’s sales tax is higher than in a majority of the states, and its property tax rate is the 10th highest in the U.S. Plus, Social Security benefits for high-income taxpayers are subject to state taxes.

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43. New Mexico

Income tax: 4.9%Property tax: 0.65%State sales tax: 7.55%State tax on Social Security: Taxed, but can be included as part of an overall retirement-income exemption of up to $8,000 per person

New Mexico does exempt some retirement income — including Social Security benefits — from taxes. But the amount exempted is only $8,000 per person. Plus, the sales tax in New Mexico is higher than in a majority of states.

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42. West Virginia

Income tax: 6%Property tax: 0.51%State sales tax: 6.29%State tax on Social Security: Taxed to the extent they are taxed at the federal level

West Virginia is one of the least expensive states to call home. However, it’s not a tax-friendly state for retirees because West Virginia taxes Social Security income. Plus, the income tax rate is higher than in a majority of the states.

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41. Utah

Taxes aren’t particularly high across the board in Utah. In fact, its property tax rate is the 10th lowest in the U.S. — which is a plus for retirees who are homeowners in the state. But Utah ranks as one of the least tax-friendly states for retirees because Social Security benefits are taxed.

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40. Colorado

Income tax: 4.63%Property tax: 0.54%State sales tax: 7.52%State tax on Social Security: Younger than 65, up to $20,000 can be excluded; 65 and older, up to $24,000 can be excluded

The income tax rate is lower in Colorado than in more than half of the states. However, the state taxes Social Security benefits. And its sales tax is higher than in a majority of the states.

New York’s sales tax rate is the eighth highest in the U.S. Its income tax rate is the 10th highest. And New York’s property tax rate is higher than in a majority of states.

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36. North Dakota

Income tax: 1.1%Property tax: 0.9%State sales tax: 6.78%State tax on Social Security: Taxed to the extent they are taxed at the federal level

North Dakota has the 10th-lowest income tax rate in the U.S. However, Social Security income doesn’t escape taxes in this state.

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35. Montana

Income tax: 6.9%Property tax: 0.75%State sales tax: NoneState tax on Social Security: Taxable; amount might be different than federally taxable amount because Montana taxes some types of income that the federal does not and vice versa

On the plus side, there’s no sales tax in Montana. But it has the seventh-highest income tax rate in the nation. And Montana isn’t tax-friendly to retirees because it taxes Social Security benefits.

31. Maine

Income taxes in Maine — the ninth highest in the U.S. — can take a big bite out of retiree income. Fortunately, Social Security benefits aren’t taxed in the state. But the property tax rate is higher than in a majority of states.

28. Georgia

Although there’s no state tax on Social Security, Georgia isn’t one of the best states for retirement taxes. That’s because its sales tax and income tax rates are higher than the rates in a majority of states. However, Georgia does provide a retirement income adjustment that could make the state more tax-friendly for some retirees compared to other states.

25. Massachusetts

Despite its nickname “Taxachusetts,” Massachusetts isn’t even close to being the worst state taxwise for retirees. For starters, it doesn’t tax Social Security benefits. And its 6.25 percent sales tax rate is lower than in the majority of states. However, its income and property tax rates are among the top 20 highest.

20. Texas

Seven of the cheapest cities to retire are in Texas, a separate GOBankingRates study found. However, Texas doesn’t make it into our top 10 most tax-friendly states for retirees because of its high sales tax and property tax rates.

19. Kentucky

Although the income tax rate is higher in Kentucky than in a majority of states, retirees don’t have to worry about a state tax on Social Security.

Plus, Kentucky’s largest city — Louisville — has one of the best neighborhoods for retirement in America thanks to a low cost of living, plenty of amenities and a relatively high percentage of adults 65 and older, a GOBankingRates study found.

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18. Maryland

Maryland ranks among the top 20 best states for retirement taxes because it doesn’t tax Social Security benefits. Its income tax rate is lower than the rate in half of the states, and its sales tax is the 12th lowest. But property taxes in Maryland are high.

15. California

Retirees benefit from a relatively low income tax and no tax on Social Security income in California. Because of the state’s high cost of living, though, even a nest egg of $1 million won’t last as long in retirement as in most other states.

14. Mississippi

Mississippi is one of the states that require the least amount of retirement income to live comfortably, a GOBankingRates study found. Retirees also benefit from low taxes on retirement income because Social Security income isn’t taxed in Mississippi.

11. Arizona

There’s a reason Arizona is a haven for retirees. They can escape the cold weather and a big tax bill by moving here. Its income tax rate is among the lowest in the U.S., and Social Security benefits aren’t taxed.

10. Hawaii

The cost of living is high in Hawaii, but retirees can hang on to more of their income to cover expenses because the tax bite is small in the state. Social Security benefits escape state taxes, and Hawaii has the lowest property tax rate in our rankings. Plus, its capital and largest city — Honolulu — is one of the coolest places to retire in the world.

4. New Hampshire

New Hampshire is one of the best places to live for retirees to escape taxes. It has no sales tax, no state income tax and no tax on Social Security. The only reason New Hampshire isn’t the No. 1 tax-friendly state for retirees is because its property tax rate is the third highest in the U.S.

2. Wyoming

There’s no state income tax or tax on Social Security benefits. Plus, Wyoming’s sales and property tax rates are among the lowest in the U.S. It’s also one of the best states to retire rich thanks to a relatively low cost of living and competitive rates on interest-bearing savings accounts.

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1. Alaska

Alaska is the most tax-friendly state for retirees because it has no state income tax or tax on Social Security. And its sales tax rate is the fifth lowest in the U.S. But keep this in mind: The cost of living in Alaska is higher than in most states.

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Taxes and Retirement — How Does Your State Compare?

Retirees need to consider the impact taxes will have on their income. But that’s not the only thing they should think about when deciding where to retire.

There are several factors to consider when looking for a place to retire — including the cost of living and access to healthcare. A state that isn’t the most tax-friendly might actually be a good fit for your retirement needs.

Methodology: GOBankingRates examined four tax rates: 1) average state and local sales tax, sourced from the Tax Foundation; 2) state tax on Social Security benefits, sourced from Kiplinger; 3) effective state property tax, sourced from the National Association of Home Builders; and 4) state income tax rate based on the median income of adults ages 65 to 74, sourced from the Bureau of Labor Statistics. State tax on Social Security benefits was weighted twice as much as other taxes.

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